Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 1 - Banking, Securities, Small Loans and Corporations
Chapter 14 - Mortgage Lending
Article 8 - Originator Surety Fund
3 AAC 14.725 - Department action if licensee does not request a hearing

If a mortgage loan originator licensee named in a fund claim under AS 06.60.570-06.60.580 does not file a timely request for hearing after receiving written notice of the claim under 3 AAC 14.720, the department will review the materials submitted by the claimant and apply the standards in AS 06.60.680 to prepare a written determination as to whether to award the claimant reimbursement from the fund. The written determination is the final decision of the department, unless the claimant requests a hearing no later than 30 days after receipt of the written determination.

Authority:AS 06.60.680

AS 06.60.910